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Gold and silver move marginally higher heading into the EU open Gold has moved 0.20% higher again leading into the EU session and trades at $1734.65/oz. Silver is also up but only marginally as it flirts with the $26/oz figure. After inheriting a mixed close for Wall Street bourses in the Asia Pac area moved lower. The Shanghai Composite (-0.03%), Nikkei 225 (-0.02%) and ASX (-0.47%) all closed in the red. Futures are pointing towards a negative cash open in…

‘Geological’ inflation is here; how does this affect gold and silver price? Guest(s): Randy Smallwood We're living through a period of "geological inflation" which describes an environment of ever increasing demand for metals, but dwindling reserves, said Randy Smallwood, CEO of Wheaton Precious Metals. "It is getting tougher and tougher to find assets, to find opportunities, to grow, to find exploration," Smallwood said.   Try Kinesis Money System Exchange Gold, Silver and CryptoCurrency David

Is the worst behind us? Here’s what’s next for gold price After losing more than $200 since the start of the year, gold may have finally found its bottom – Monday's 10-month low. This is definitely the theme from this week's top 3 stories, with key figures in the gold space calling for higher prices to come. Goehring & Rozencwajg Associates still calling for $15,000 dollar gold before this bull cycle is over, expecting a full turnaround in the second…

Can gold price break free of Treasury markets? Analysts zero in on this trigger Has gold found its bottom at this week's 10-month lows? Analysts are waiting to see if the precious metal can hold the $1,700 an ounce level and break free from the Treasury markets' chains. After plummeting to the low of $1,675 on Monday, April Comex gold futures recovered above $1,730. On Friday, gold was down on the day but was able to hold the $1,700 an…

Gold and silver had mixed results in trading yesterday After two days of substantial gains, we see both gold and silver consolidating at current pricing. This factor bodes well for the assumption that both precious metals, after sustaining an approximately 61.8% Fibonacci retracement from the highs achieved in August of last year, as potentially an area to find support and form a bottom. Even with the muted price change from yesterday, if the recent gains were a so-called "one and…

Gold and silver are once again higher leading into the EU open Gold and silver are heading into the EU session both trading higher. The yellow metal is 0.61% in the black trading at around $1736/oz while silver is 0.58% higher at $26.34/oz. Overnight the risk sentiment in equities markets was pretty good as the Nikkei 225 (0.60%) and Shanghai Composite (2.36%) both traded higher but the ASX closed flat. This move came off the back of a fresh record…

Gold is flat leading into the EU session Gold and silver are mixed leading into the EU session this morning. Gold trades $15 above the $1700/oz level while silver is at $25.79/oz. After inheriting a positive risk sentiment overnight the Aisa-Pac bourses are mixed. The ASX (-0.84%) and Shanghai Composite (-0.05%) trade in the red while the Nikkei 225 closed 0.03% higher. In FX markets, the greenback is the strongest currency overnight. The dollar index trades 0.19% higher at 92.13,…

A strong dollar and selling pressure take gold lower It was a combination of U.S. dollar strength and market participants bidding the precious yellow metal lower that resulted in today’s substantial decline. As of 4:07 PM EST, gold futures basis, the most active April 2021 Comex contract is currently fixed at $1677.70 after factoring in today’s decline of $20.90 (1.23%). Spot gold prices also sold off with the same strong decline. According to the KGX (Kitco Gold Index), physical gold…

Brutal March? Gold price at risk of a flash crash to $1,600 – analysts The first week of March was a damaging one for gold as prices broke through the psychological level of $1,700. Now, the key question on everyone's minds is just how much lower can gold drop before bottoming out? Down more than $200 since the start of the year, gold investors are looking for the magical line in the sand that will signal the end of the…

Gold and silver edge higher leading into the EU open Gold and silver have started the session higher but in recent days when this has been the case, the sentiment has turned later in the sessions. The yellow metal is trading around half a percent higher leading into the EU open but the daily chart structure still looks more bearish than silver. After inheriting bearish sentiment from the US bourses indices in the Asia Pac area are softer this morning.…